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Prime Minister visits a semiconductor facility in Sendai, Miyagi Prefecture

Published By : Admin | August 30, 2025 | 11:52 IST

Prime Minister Shri Narendra Modi, accompanied by the Prime Minister of Japan, H.E. Mr. Shigeru Ishiba, today travelled to Sendai in Miyagi Prefecture. In Sendai, the two leaders visited Tokyo Electron Miyagi Ltd (TEL Miyagi), a leading Japanese company in the semiconductor sector. Prime Minister was briefed about TEL’s role in the global semiconductor value chain, its advanced manufacturing capabilities and its ongoing and planned collaborations with India. The factory visit gave the leaders a practical understanding of the opportunities that exist between the two countries to forge collaboration in the field of semiconductor supply chain, fabrication and testing.

The visit to Sendai highlighted the complementarity between India’s growing semiconductor manufacturing ecosystem and Japan’s strengths in advanced semiconductor equipment and technology. Both sides reaffirmed their commitment to deepening cooperation in this sector, building on the Memorandum of Cooperation on the Japan–India Semiconductor Supply Chain Partnership as well as ongoing partnerships under the India–Japan Industrial Competitiveness Partnership and Economic Security Dialogue.

This joint visit by Prime Minister Modi and Prime Minister Ishiba also underscored the shared vision of India and Japan to develop robust, resilient and trusted semiconductor supply chains. Prime Minister Modi conveyed his appreciation to Prime Minister Ishiba for joining him in this visit and reaffirmed India’s readiness to work closely with Japan in this strategic domain.

Prime Minister Ishiba hosted a lunch in honour of Prime Minister Modi in Sendai. The Governor of Miyagi Prefecture along with other dignitaries were present on the occasion.

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Prime Minister Shri Narendra Modi interacted with CEOs of the global energy sector as part of the ongoing India Energy Week (IEW) 2026, at his residence at Lok Kalyan Marg earlier today.

During the interaction, the CEOs expressed strong confidence in India’s growth trajectory. They conveyed their keen interest in expanding and deepening their business presence in India, citing policy stability, reform momentum, and long-term demand visibility.

Welcoming the CEOs, Prime Minister said that these roundtables have emerged as a key platform for industry-government alignment. He emphasized that direct feedback from global industry leaders helps refine policy frameworks, address sectoral challenges more effectively, and strengthen India’s position as an attractive investment destination.

Highlighting India’s robust economic momentum, Prime Minister stated that India is advancing rapidly towards becoming the world’s third-largest economy and will play a decisive role in the global energy demand-supply balance.

Prime Minister drew attention to significant investment opportunities in India’s energy sector. He highlighted an investment potential of around USD 100 billion in exploration and production, citing investor-friendly policy reforms introduced by the government. He also underscored the USD 30 billion opportunity in Compressed Bio-Gas (CBG). In addition, he outlined large-scale opportunities across the broader energy value chain, including gas-based economy, refinery–petrochemical integration, and maritime and shipbuilding.

Prime Minister observed that while the global energy landscape is marked by uncertainty, it also presents immense opportunity. He called for innovation, collaboration, and deeper partnerships, reiterating that India stands ready as a reliable and trusted partner across the entire energy value chain.

The high-level roundtable saw participation from 27 CEOs and senior corporate dignitaries representing leading global and Indian energy companies and institutions, including TotalEnergies, BP, Vitol, HD Hyundai, HD KSOE, Aker, LanzaTech, Vedanta, International Energy Forum (IEF), Excelerate, Wood Mackenzie, Trafigura, Staatsolie, Praj, ReNew, and MOL, among others. The interaction was also attended by Union Minister for Petroleum and Natural Gas, Shri Hardeep Singh Puri and the Minister of State for Petroleum and Natural Gas, Shri Suresh Gopi and senior officials of the Ministry.